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Re: [Confused with Medigap Options]

"Thankfully, since I am on plan G, I had nothing to pay as well as not having to attempt to reconcile these charges." At some point (early on in the year) you did have to cough up the first $147 of somebody's charges, didn't you? Plan G does not pay the Part B premium. You pay the Part B ...
by kaneohe
Mon Oct 20, 2014 5:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Confused with Medigap Options]
Replies: 35
Views: 1596

Re: [Confused with Medigap Options]

Isn't that SOP in this country? http://www.costco.com/warehouse-coupon-offers.html Instant savings $130 off (off what? no base price listed). Or commonly seen : Buy one, get one free (again no base price listed). At some point, shouldn't we have learned our lesson so it becomes our responsibility?
by kaneohe
Sun Oct 19, 2014 1:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Confused with Medigap Options]
Replies: 35
Views: 1596

Re: Medigap Plan G vs Plan F?

Kaneohe- This is a link to find your state's SHIP contact: https://shipnpr.shiptalk.org/shipprofile.aspx?AspxAutoDetectCookieSupport=1 They provide assistance for free and in my state they have free Medicare classes. They also have listings of all the Medigap providers with premium info & conta...
by kaneohe
Sat Oct 18, 2014 6:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan G vs Plan F?
Replies: 58
Views: 7089

Re: Medigap Plan G vs Plan F?

This was simply suggested as an easy way to get rates for medigap policies for your particular situation in a few minutes similar to the way that the Medicare.gov site does for Medicare Advantage and Prescription Drug Plans. Are you saying the info is not accurate? Might be accurate but hardly comp...
by kaneohe
Sat Oct 18, 2014 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan G vs Plan F?
Replies: 58
Views: 7089

Re: [Confused with Medigap Options]

AARP-UHC is a racket. I've had an AARP Medigap (plan F) administered by UHC for several years. I have been very pleased with them. They've been great, including through a hospitalization and really extensive ongoing use of specialists. In 2008 my annual premium cost was $1373.66. In 2015 it will be...
by kaneohe
Sat Oct 18, 2014 11:19 am
 
Forum: Personal Finance (Not Investing)
Topic: [Confused with Medigap Options]
Replies: 35
Views: 1596

Re: Medigap Plan G vs Plan F?

I think Kaiser Health just did a study on Medigap policies. One of its conclusions was that the monthly premium for the same plan varied dramatically from company to company. Calling a slew of companies is time-consuming. Also, in many cases you are asked for your name, address, and phone number. A...
by kaneohe
Sat Oct 18, 2014 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan G vs Plan F?
Replies: 58
Views: 7089

Re: Medigap Plan G vs Plan F?

Perhaps this site might be useful. It's from a private exchange and gives some provider costs based on geographic area, age, etc. Not all providers show up (AARP UHC in particular) /quote] This is a website put up by the insurance companies themselves. Not from an indep. consumer research group. Bu...
by kaneohe
Sat Oct 18, 2014 12:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan G vs Plan F?
Replies: 58
Views: 7089

Re: Medigap Plan G vs Plan F?

Perhaps this site might be useful. It's from a private exchange and gives some provider costs based on geographic area, age, etc. Not all providers show up (AARP UHC in particular) but you can call the missing ones you might be interested in and have a basis for comparison. You can change the age an...
by kaneohe
Fri Oct 17, 2014 6:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan G vs Plan F?
Replies: 58
Views: 7089

Re: TIAA Trust Company

Sorry ,no experience w/ TIAA Trust but you may find this of interest:
http://socialize.morningstar.com/NewSocialize/forums/t/185731.aspx

It discusses TIAA Trust and TIAA WMA .
by kaneohe
Thu Oct 16, 2014 9:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIAA Trust Company
Replies: 1
Views: 151

Re: Minimum amount for Vanguard Money Market?

Adding to the noise but no light..........somewhere I think I found something from VG saying that if total combined account balance > X$, then no minimum required for either prime money mkt fund or tax-exempt money mkt fund. Unfortunately, even tho this was recent, I don't recall where I read that o...
by kaneohe
Thu Oct 16, 2014 8:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Minimum amount for Vanguard Money Market?
Replies: 13
Views: 3488

Re: Medigap polcies - selecting for first time

You might want to call the Medicare toll free number 3x to get a majority vote (some reps are definitely more knowledgeable than others). My guess is those services, esp. if provided in a separate area from the doctors' offices , are not an office visit. If I see the doctor, I see a definite office ...
by kaneohe
Sat Oct 11, 2014 8:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medigap polcies - selecting for first time
Replies: 22
Views: 1345

Re: Back Door Roth IRA Question

See the chart on page 72 of Publication 590 to figure out what I said above. :D I think your words in the post above are more relevant than this chart. Seems to me that OP would end up in that nebulous catchall box on the lower right side.......where distributions are not qualified and "might&...
by kaneohe
Thu Oct 09, 2014 10:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth IRA Question
Replies: 19
Views: 985

Re: Back Door Roth IRA Question

See the chart on page 72 of Publication 590 to figure out what I said above. :D I think your words in the post above are more relevant than this chart. Seems to me that OP would end up in that nebulous catchall box on the lower right side.......where distributions are not qualified and "might&...
by kaneohe
Thu Oct 09, 2014 8:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth IRA Question
Replies: 19
Views: 985

Re: Inaccurate Terminology or Description in Vanguard Statem

Not this particular problem mixing company account terminology with personal account. However in a 401K account, when I take distributions, the quarterly statement does not show a line item even hinting at that since it is combined with a bunch of other stuff as a single line item. The first line re...
by kaneohe
Wed Oct 08, 2014 9:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inaccurate Terminology or Description in Vanguard Statements
Replies: 3
Views: 419

Re: Back Door Roth IRA Question

I believe there are two 5 year rules, which is where some of the confusion comes from. Pretty thorough explanation here: http://www.kitces.com/blog/understanding-the-two-5-year-rules-for-roth-ira-contributions-and-conversions/ Bottom line: unless you're planning to take distributions from the Roth ...
by kaneohe
Tue Oct 07, 2014 11:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth IRA Question
Replies: 19
Views: 985

Re: Backdoor Roth Contribution Date

Seems like 2 different concepts are being mixed here: contributions and conversions. Since there is an annual limit on contributions but not on conversions, the important deadline is for contributions, not conversions, so OP is correct about the timing of the non-deductible contribution to TIRA. Ye...
by kaneohe
Tue Oct 07, 2014 5:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Contribution Date
Replies: 9
Views: 577

Re: Backdoor Roth Contribution Date

Seems like 2 different concepts are being mixed here: contributions and conversions. Since there is an annual limit on contributions but not on conversions, the important deadline is for contributions, not conversions, so OP is correct about the timing of the non-deductible contribution to TIRA.
by kaneohe
Tue Oct 07, 2014 4:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Contribution Date
Replies: 9
Views: 577

Re: Back Door Roth IRA Question

................. there's no downside to doing the Backdoor Roth vs qualifying for Roth, other than the 5 year conversion period. I believe that 5 years begins with the last contribution, no? I believe the clock begins with the conversion..........some call it the conversion contribution. In OP's c...
by kaneohe
Tue Oct 07, 2014 4:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Back Door Roth IRA Question
Replies: 19
Views: 985

Re: Is the IRA custodian responsible for initiating RMDs?

My 401Ks also have a default that if I don't take the RMD myself, they will force it out in late December. Since 401Ks cannot be aggregated,unlike IRAs, this makes great sense to save us from ourselves.
by kaneohe
Tue Oct 07, 2014 12:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is the IRA custodian responsible for initiating RMDs?
Replies: 26
Views: 1447

Re: Is the IRA custodian responsible for initiating RMDs?

5498s really have little to no bearing on the current topic at hand. It's really the 1099Rs that are key. Someone please correct me if I'm wrong. 1099Rs tell you what came out. 5498s tell you info about how much should have come out (after more calculation). You can decide whether that has any bear...
by kaneohe
Tue Oct 07, 2014 9:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Is the IRA custodian responsible for initiating RMDs?
Replies: 26
Views: 1447

Re: Are you a "maximizer" or a "satisficer"?

In a training session at work,the HR person exclaimed (only half jokingly) that us engineers would take until doomsday to analyze every option but would never make a decision. I suspect she would say the opposite about managers.
by kaneohe
Tue Oct 07, 2014 9:01 am
 
Forum: Personal Consumer Issues
Topic: Are you a "maximizer" or a "satisficer"?
Replies: 52
Views: 3033

Re: Is the IRA custodian responsible for initiating RMDs?

Perhaps you could check his old tax returns for any declared IRA distributions (currently line 15, could have been different in the past).
by kaneohe
Tue Oct 07, 2014 12:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Is the IRA custodian responsible for initiating RMDs?
Replies: 26
Views: 1447

Re: Is the IRA custodian responsible for initiating RMDs?

I have just been using the end of (previous) yr statements for each account to get the EOY balance and figuring the RMD from that.
I'd have to check if when you get of (RMD) age whether the 5498s come every year and reflect that same balance. IRS must know somehow what those balances are.
by kaneohe
Mon Oct 06, 2014 11:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is the IRA custodian responsible for initiating RMDs?
Replies: 26
Views: 1447

Re: Is the IRA custodian responsible for initiating RMDs?

I don't know about responsibility but my IRA custodians give notification only. Probably that is because IRAs can be aggregated and you can take the RMD from one or some or all and the custodian(s) don't know what you plan to do. It's different with 401Ks because you have to take from all and all my...
by kaneohe
Mon Oct 06, 2014 10:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is the IRA custodian responsible for initiating RMDs?
Replies: 26
Views: 1447

Re: Roth conversion and 2014 income

[quote="cdbma https://directpay.irs.gov/directpay/payment?execution=e1s1 click on "estimated taxes" to see the description. Maybe I'm missing something, but I think I am filing estimated taxes in a timely manner. I will have income in late Q4-14, and I will send them a money in late Q...
by kaneohe
Mon Oct 06, 2014 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth conversion and 2014 income
Replies: 13
Views: 641

Re: Roth conversion and 2014 income

As for the IRS, I did some more research on their "DirectPay" feature. On the DP home page, it asks for a reason for payment. One of the options is estimated tax. When you click on that item, the description is as follows: "Make estimated tax payments in advance of the timely filing ...
by kaneohe
Mon Oct 06, 2014 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth conversion and 2014 income
Replies: 13
Views: 641

Re: Roth conversion and 2014 income

esp. if you are > 59.5y.o., you might consider what Alan S. has suggested and others have mentioned: take a withdrawal from your IRA and withhold all of it. Then it is withholding (not est. tax) and since timing is considered equally thru yr, there is no timing problem if you take it before end of y...
by kaneohe
Mon Oct 06, 2014 5:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth conversion and 2014 income
Replies: 13
Views: 641

Re: Medicare Part D (Prescriptions), changing plans

......................] that site can't seem to deal with entry of no drugs. :? also it indicates there are no medigap policies without drug plans here and that's wrong. Is this what you see (re: your 2nd statement above)? Medicare Health Plans without Drug Coverage 0 plans were found in 95051 base...
by kaneohe
Sun Oct 05, 2014 4:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D (Prescriptions), changing plans
Replies: 36
Views: 1702

Re: Can I open up a Roth IRA for my 6 year old?

Possibly you may be mixing up different concepts. 1)For the child to own the Roth, he/she would need to have earned income to make the contribution. 2) If the child is simply the beneficiary of the Roth, he/she does NOT need to have earned income. edit: added critical omitted "NO" to #2. T...
by kaneohe
Sun Oct 05, 2014 1:46 pm
 
Forum: Investing - Theory, News & General
Topic: Can I open up a Roth IRA for my 6 year old?
Replies: 32
Views: 3154

Re: Medicare Part D (Prescriptions), changing plans

I am beginning to not trust that site. I just ran my Part D again and I am coming up with different answers. In addition, for one of the policies the numbers don't seem to add up. Specifically, the United American Essential PDP S5755-126 shows a monthly premium of $29.90 and an annual deductible of...
by kaneohe
Sun Oct 05, 2014 12:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D (Prescriptions), changing plans
Replies: 36
Views: 1702

Re: Medicare Part D (Prescriptions), changing plans

Can someone tell me how the deductible works under Medicare D? Right now I am enrolled in a Wellcare Classic plan, which costs me about $14 a month in premium with no deductible. While it has been a good plan over the past two years, I see that starting in 2015, there will be a $320 annual deductib...
by kaneohe
Sun Oct 05, 2014 9:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D (Prescriptions), changing plans
Replies: 36
Views: 1702

Re: Medicare Part D (Prescriptions), changing plans

......................] that site can't seem to deal with entry of no drugs. :? also it indicates there are no medigap policies without drug plans here and that's wrong. Is this what you see (re: your 2nd statement above)? Medicare Health Plans without Drug Coverage 0 plans were found in 95051 base...
by kaneohe
Sun Oct 05, 2014 3:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D (Prescriptions), changing plans
Replies: 36
Views: 1702

Re: Medicare Part D (Prescriptions), changing plans

If you use the Medicare plan finder on the medicare.gov site for Rx drug plans, what is the difference besides the general and personalized options? Does it just save your
prescriptions or is there more involved?
by kaneohe
Sat Oct 04, 2014 3:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D (Prescriptions), changing plans
Replies: 36
Views: 1702

Re: Medicare Part D (Prescriptions), changing plans

It (GeneralSearch)has been working since Oct. 1. It seems to have been reasonably consistent in results until today when with the same drug inputs , it gives different results in a short time period. It does "work" but today results can not be trusted for some reason.
by kaneohe
Sat Oct 04, 2014 2:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D (Prescriptions), changing plans
Replies: 36
Views: 1702

Re: Medicare Part D (Prescriptions), changing plans

My provider is not covering my Rx next yr so I would be paying the full price if I stayed. This yr It is covered as Tier 3 (middle tier) with 20% coinsurance. There may be just enough time to get in 2 more quarters of orders this yr at a reasonable price so that less needs to be ordered next yr at t...
by kaneohe
Fri Oct 03, 2014 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D (Prescriptions), changing plans
Replies: 36
Views: 1702

Re: My 2015 Medicare Costs/benefit changes

ymmv, but if you can manage to make the jump from MA to medigap, some plans have the Silver Sneakers program w/ free gym membership.....so ask.
AARP/UHC in CA has this, at least in my area.
by kaneohe
Fri Oct 03, 2014 6:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: My 2015 Medicare Costs/benefit changes
Replies: 13
Views: 1403

Re: Medicare question

In my case, benefits had been administered and subsidized by Megacorp. I suspect they didn't want the hassle of dealing with this anymore so handed it over to a private exchange also with a fixed $$$ amount subsidy/person depending on yrs of service. In the beginning retirees win since the net cost ...
by kaneohe
Fri Oct 03, 2014 9:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicare question
Replies: 8
Views: 657

Re: Medicare question

[url][url]http://www.ehealthmedicare.com/faq-can-i-get-a-part-c-and-part-d-plan-at-the-same-time/b/?allid=Med35749[/url][/url]

They don't exactly say it here but you kind of get the idea that you can't do what you are thinking of doing w/o being dropped from your current plan.
by kaneohe
Thu Oct 02, 2014 10:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare question
Replies: 8
Views: 657

Re: Specific Tax Lot Question

Wow. This is a remarkable positive development. Particularly for shares acquired after the rules went into effect for custodians to forever keep cost basis information. I . for everybody.........simplifies our lives and IRS gets their fair cut. In retrospect, you have to wonder why the old system w...
by kaneohe
Mon Sep 29, 2014 7:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Specific Tax Lot Question
Replies: 5
Views: 323

Re: Specific Tax Lot Question

see lines 1a and 8a of sch D http://www.irs.gov/pub/irs-pdf/f1040sd.pdf You can aggregate transactions. From form 8949 (and Sch D) Quote: Note. You may aggregate all short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS and for which no adjustments or codes are req...
by kaneohe
Mon Sep 29, 2014 6:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Specific Tax Lot Question
Replies: 5
Views: 323

Re: Tax loss harvest

How I wish I had been reading this forum back in 2008! :oops: For my understanding the TLH strategy is best when you can apply the loss against taxable income - correct? But you can only apply $3000/yr that way. Mostly what you are doing is using the capital losses to defer paying capital gains fur...
by kaneohe
Sun Sep 28, 2014 6:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvest
Replies: 8
Views: 476

Re: Federal gift tax implications question

JW Nearly Retired wrote:
panther 61 wrote:
If it was truly a joint account then my (non-lawyer) thought is the brother's heirs now own half the account. He will have to see an estate attorney to sort this out.
JW


Wouldn't the surviving owner own all of it ......assuming JTWROS rather than tenants in common........?
by kaneohe
Sat Sep 27, 2014 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal gift tax implications question
Replies: 6
Views: 519

Re: Any Experts in Reading Medicare Summary Notices?

mur44..........thanks for that link. Filing for future reference. Did not know of their existence previously. Hopefully the end is approaching. As I learned about the Medicare reps, there also appears to be a 2nd line of reps at the medical center who know significantly more than others. I was told ...
by kaneohe
Thu Sep 25, 2014 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any Experts in Reading Medicare Summary Notices?
Replies: 9
Views: 746

Re: Any Experts in Reading Medicare Summary Notices?

Several things I think I have learned......there may be several levels of reps when you call Medicare. This AM I talked to someone who was obviously reading from a script so I gently hinted that I would be happy to talk to someone who might have access to more info. I got hold of a "medicare cl...
by kaneohe
Wed Sep 24, 2014 2:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any Experts in Reading Medicare Summary Notices?
Replies: 9
Views: 746

Re: Rewards credit card advice

There is a US bank card which allows you to select categories where you can earn 5% in each quarter. I have that as well. Between discover, freedom and this one, I typically get 5% on majority of purchases. There is Sallie Mae card which gives 5 on gas and groceries (250 limit each month) and on bo...
by kaneohe
Wed Sep 24, 2014 10:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Rewards credit card advice
Replies: 66
Views: 46182

Re: Tax help - Error on form 8606

Many people don't even know to fill out the form. ............ I'm guessing that if you know you have to fill out a form, you'll find a way to do it. More likely, many don't know they were supposed to file that form. I think that's what I said. :happy Correct, sorry about that.......somehow I imagi...
by kaneohe
Tue Sep 23, 2014 11:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax help - Error on form 8606
Replies: 16
Views: 893

Re: Tax help - Error on form 8606

retiredjg wrote:Many people don't even know to fill out the form. ............


I'm guessing that if you know you have to fill out a form, you'll find a way to do it. More likely, many don't know they were supposed to file that form.
by kaneohe
Tue Sep 23, 2014 8:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax help - Error on form 8606
Replies: 16
Views: 893

Re: Is tax loss harvesting ever a bad idea?

$3000 of loss will be burned every year, even if you are in the 0% tax bracket. If you have very low income, you must "use" 3K of loss each yr but you do not necessarily lose it. You need to use the capital loss carryover worksheet to figure how much of the capital losse survives for the ...
by kaneohe
Tue Sep 23, 2014 8:21 pm
 
Forum: Investing - Theory, News & General
Topic: Is tax loss harvesting ever a bad idea?
Replies: 17
Views: 996
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